Leonardo, Fincantieri JV wins €3.7 billion deal for two Italian Navy warships

A joint venture between Fincantieri MIL:FCT and Leonardo MIL:LDO has signed a contract with the European procurement agency OCCAR worth around €3.7 billion ($4.21 billion) to supply two new generation DDX destroyers for the Italian Navy.($1 = 0.8797 euros)